Most comprehensive DeFi tracking and analytics underway as Optical.finance & 0xTracker announce strategic partnership
Optical Finance is excited to announce that we’ll be partnering up with 0xTracker to further simplify tracking and finding new cross-chain opportunities.
In brief
- The ultimate goal of this partnership is to offer the most requested features for DeFi users.
- Faster coverage is everything for us, the combined development and infrastructure will allow us to support new farms and opportunities at a much greater speed.
- This is a huge opportunity for the DeFi community - imagine researching APYs, seeing a new opportunity, and just hitting “transfer” and it will withdraw from the pool you’re in and deposit into the selected pool. All from our UI.
Why?
We are aligned in our mission to provide useful, relevant and highly accurate data in the most user-friendly method possible for any user, new or advanced within the DeFi community.
0xTracker’s coverage, speed and capability to add from the widest range of networks in the market combined with analytics of Optical Finance presents a great opportunity to bring new innovative capabilities that have not yet been introduced in DeFi but are absolutely needed.
What are we solving?
The DeFi space moves at an exponential rate where users who are unable to research and keep on track will eventually lose out on gains or remain long enough in risky pools to get rugpulled. The risk in any one user’s portfolio can change on an hourly basis and wasting time when time sensitive actions are required will always be costly.
Providing a full suite of services not currently available in the crypto such as rapid TVL decrease detection and impermanent loss alerts will have highly transformational results to any portfolio.
These services will provide intelligent insights to help users optimise and hedge their investment, improve response times on highly time sensitive actions such as drastic reduction of rewards/APYs or rugpulls as well as emerging new opportunities.
We have big plans for the future!
Ideally from Q2 2022 we will be rolling out:
- Custom opportunity tracking: set your own parameters on how risk tolerant you would like to keep your portfolio.
- Risk reports and alerts: If a quick look at our rating isn’t enough, read more into all variables that made the asset/pool/vault risky or not.
- 360 pool analysis: Sometimes APY isn’t enough, we will provide a complete understanding of any pool, its historical data of pricing, liquidity, TVL and how much each variable can change its relevant risk weightage.
- Cross chain bridge: higher yield farms on your preferred coins may show on any chain, a few clicks go a long way
- Rugpull & Impermanent Loss alerts: This is one of the worst fears for any user. Our real-time data and analytics will make sure you are ready to pull your assets out timely.
- Token Swap: If an opportunity presents itself, use the fastest method available to take advantage of it.
- Tax report: We hate it as much as you do but it’s inevitable, tracking DeFi assets is a huge pain and we plan to provide a straightforward transactional list to download.
- Withdraw, Stake and Harvest: No need to jump through multiple platforms to join a pool of your choice, just hit our transfer button.
What is our end goal?
To bring data insights of DeFi opportunities to the wider users base and bring in additional exposure to the DeFi space. We will make significant progress in bringing reliable, valuable data from the blockchain space and applying it to real-world use cases.
We can expect an influx of new users from outside the DeFi space once we tackle the issue of onboarding, understanding risk in a matter of seconds and creating a smarter frictionless cross-chain swapping between the crypto assets.
Further steps to providing real-world data in real-time on a platform giving institutional users a modern toolkit to advise or adjust their customer’s portfolio with risk hedging, valuation, and liquidation mechanisms.
About 0xTracker
0xTracker is the most responsive, feature-rich, and accurate tracker on the blockchain supporting over 360 farms over 20 networks. Allowing users to access historical data on staked assets, custom profiles which support multiple wallet addresses in one view, token distribution and many more features!
Check out 0xTracker on:
About Optical Finance
Optical Finance provides risk analytics and DeFi opportunity search comparing over 6800+ assets and farms to find the best cross-chain yield farming opportunities. Users get access to the most accurate data directly from the blockchain.
Check out Optical Finance on: